1810 New Getwell Rd Memphis, TN 38111

This exceptional investment opportunity presents a stabilized, single-tenant industrial property located at 1810 New Getwell Rd, Memphis, TN 38111. The 47,070-square-foot building, situated on a 6.37-acre lot, is currently 100% occupied by Beacon Roofing Supply, a Fortune 500 company with over $9 billion in 2023 revenue. The property boasts a Class C rating and features a Net Net + (NN+) lease structure with a remaining lease term of 6.9 years, expiring October 31, 2031. The lease commenced November 1, 2021, and includes 1.5% annual rent bumps and two seven-year option periods, providing a hedge against inflation. The asking price is $5,600,000, representing a compelling cap rate of 6.42% with a current NOI of $359,429. The property underwent renovations in 2021, including a new roof, demonstrating the tenant's long-term commitment. Its strategic location, six miles from Memphis International Airport and thirteen miles from downtown Memphis, within a dense population area with high average household income, further enhances its value. This is a mission-critical location for Beacon Roofing Supply, being the only one within an 85+ mile radius. The property's subtypes include distribution, flex, and warehouse, making it a versatile and attractive investment. Built in 1973, this property offers a strong return on investment with a stable, high-credit tenant and significant growth potential.